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How can I convert Pvt. Ltd. Company to LLP in India?

Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 asked

How can I convert Pvt. Ltd. Company to LLP in India?

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 answered

CONVERSION OF PRIVATE LIMITED COMPANY INTO LLP firstly all preliminary documentation process has to be done Discussing and obtaining consent for conversion Obtaining of DIN then Preparation of Main Object & Name Availability Search has to be done Filing of form 1 with ROC for name availability After name approval you can continue with further process like uploading eforms online Pay registration fees Then receive incorporation certificate Thanks

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Picsjoin 2017224123730582 answered

Hie Kruthika, **CONVERSION OF PRIVATE LIMITED COMPANY INTO LLP:** As all of us are aware that Companies Act-2013 came into force w.e.f. 01st April, 2014. Under Companies Act, 2013 there are very much compliance and many complications, which are cost consuming for small enterprises. Therefore, Small enterprises are thinking to switch their Companies into Limited Liability Partnership (LLP’s) Firm. A registered limited company in India (Private or Public) has a lot of complex formalities and incurs additional overheads for managing affairs including mandatory board meeting, maintenance of statutory records, filling of e-forms with MCA etc. Absence of such mandates for LLP combined with advantages such as non-applicability of dividend distribution tax on profit repatriation, transfer of profit rules and deemed dividend profit issues, MAT provisions (discussed below). In India, formation, registration, and regulation of an LLP is exclusively governed and controlled by the rules, provisions, and regulations provided in the LLP Act of 2008 and the LLP Rules of 2009. The Ministry of Corporate Affairs (MCA), Government of India, and its well-equipped web portal is directly concerned for establishing an LLP. ** - HOW TO TAKE DECISION OF CONVERSION OF COMPANY INTO LLP. ** For Conversion of Private Limited Company and Unlisted Public Company into LLP we must do Cost and Benefit analysis of same.

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